11111 RESEARCH BLVD TX 78759
| Owner | LHRET ASCENSION AUSTIN L P |
|---|---|
| Parcel ID | 0257020212 |
| Short ID | 262102 |
| Type | Real |
| Use Code | 55 Medical Office (>10,000 SF) |
| Valuation | Income |
| Improvement SF | 64,144 SF |
| Land SF | 1,137,417 SF |
| Acres | 26.112 |
| Year Built | 1987 |
| Legal | IMP ONLY ON LOT 1 LESS .615A SETON MEDICAL CENTER ADDN VI SEC 1-A |
| Neighborhood | 55FNW |
| Land | $34,122,508 |
|---|---|
| Special Use Land Market | Not Available |
| Total Land | $34,122,508 |
| Improvement | $106,492 |
|---|---|
| Total Improvement | $106,492 |
| Market | $57,477,000 |
|---|---|
| Special Use Exclusion (−) | Not Available |
| Appraised | $57,477,000 |
| Value Limitation Adjustment (−) | — |
| Net Appraised (assessed) | $57,477,000 |
| Exemptions (−) | −$34,229,000 |
|---|---|
| Taxable Value | $23,248,000 |
Appreciation: Market value has risen +96.8% from $29,208,053 (2021) to $57,477,000 (2025), a CAGR of 18.4% over 4 years. This is strong appreciation — well above typical inflation. Most of this growth came in a single year (2025→2026), not a steady climb — worth checking what drove that reappraisal rather than assuming a smooth trend. Over the same span, the median Commercial parcel countywide rose +24.1%, so this parcel has outpaced the broader commercial market over the same period.
Tax Burden: The combined rate across 5 taxing entities is 2.0465% in 2025 (+0.0647% vs 2024 — rates increased ). At the current taxable value, estimated annual taxes are $475,767. Austin ISD is the largest single contributor, at 45.2% of the total 2025 levy.
Asset Class: Commercial. No homestead exemptions apply — full market value is taxable. This is valued using the income approach, so changes in rent roll or occupancy move the appraisal more directly than they would for a cost-approach property.
Value Composition: Land carries 59% of market value ($34,122,508 land vs $106,492 improvements), about $30/SF of land. Land and improvements both carry meaningful weight; value is balanced between the structure and its site.
Submarket Position: At $57,477,000, this parcel sits in the top quartile (≥75th percentile) of Commercial property in Travis County — county median $1,417,484 (P25 $649,268 / P75 $3,347,260, n=13,608). Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. See the Peer Set and the Where This Property Stands benchmark below, which narrows to this property's actual use code, for parcel-level comparables.
Forward Outlook: Holding the +18.4% Base-scenario CAGR (Based on 2021–2025 certified trend, projected forward from 2025), the model projects market value near $133,962,563 by 2030, with an estimated annual tax burden around $1,743,729. Estimated Forward figures are model projections, not certified — see the 6-Year Projection section for the low/base/high bands.
No delinquent taxes on record.
10 components · show ▾hide ▴
| Code | Description | SF | In Gross |
|---|---|---|---|
| 551 | PAVED AREA | 225,700 SF | ✗ |
| 1ST | 1st Floor | 24,750 SF | ✓ |
| 4TH | 4th Floor | 20,799 SF | ✓ |
| 5TH | 5th Floor | 20,582 SF | ✓ |
| 3RD | 3rd Floor | 19,700 SF | ✓ |
| 2ND | 2nd Floor | 19,694 SF | ✓ |
| SO | Sketch Only | 9,584 SF | ✗ |
| 501 | CANOPY | 8,685 SF | ✗ |
| 482 | LIGHT POLES | 29 SF | ✓ |
| 333 | MECHANICAL RM FV | 1 SF | ✓ |
| Unit (prop_id) | Owner | Address | Market Value | Assessed Value | Taxable Value |
|---|---|---|---|---|---|
| 262102 | SETON MEDICAL CENTER | 11111 RESEARCH BLVD 78759 | $96,124,468 | $96,124,468 | $0 |
| 706280 | LHRET ASCENSION AUSTIN L P | 11111 RESEARCH BLVD 78759 | $24,193,764 | $24,193,764 | $24,193,764 |
| 1015701 | SETON MEDICAL CENTER | — | $1,588,772 | $1,588,772 | $1,588,772 |
No large value jumps, delinquencies, or data anomalies found for this parcel.
| Entity | 2021 Rate | 2022 Rate | 2023 Rate | 2024 Rate | 2025 Rate | YoY (2024→25) | Amt Due | Amt Paid | Balance |
|---|---|---|---|---|---|---|---|---|---|
| IAU Austin ISD | 1.0617% | 0.9966% | 0.8595% | 0.9505% | 0.9252% | -0.0253% | $215,090.50 | $215,090.50 | Paid |
| CAT City of Austin | 0.5410% | 0.4627% | 0.4458% | 0.4776% | 0.5240% | +0.0464% | $121,823.47 | $121,823.47 | Paid |
| TCO Travis County | 0.3574% | 0.3182% | 0.3047% | 0.3444% | 0.3758% | +0.0314% | $87,376.45 | $87,376.45 | Paid |
| THD Travis Central Health | 0.1118% | 0.0987% | 0.1007% | 0.1080% | 0.1180% | +0.0101% | $27,437.99 | $27,437.99 | Paid |
| ACT Austin Community College | 0.1048% | 0.0987% | 0.0986% | 0.1013% | 0.1034% | +0.0021% | $24,038.43 | $24,038.43 | Paid |
| Combined Rate | 2.1767% | 1.9749% | 1.8092% | 1.9818% | 2.0465% | +0.0647% | $475,766.84 | $475,766.84 | Paid |
| 2026 Certified Certified | 2025 Certified Certified | Change 2025→2026 | |
|---|---|---|---|
| Market Value | $121,907,004 | $57,477,000 | +112.1% |
| Assessed Value | $121,907,004 | $57,477,000 | +112.1% |
| Land Value | $24,822,496 | $34,122,508 | -27.3% |
| Improvement Value | $74,424,440 | $106,492 | +69787.4% |
| Taxable Value | $25,782,536 | $23,248,000 | +10.9% |
| Exemptions | — | E | |
| Total Tax 2026 = estimate |
~$527,636
Estimated
|
~$475,767
Partial
|
ⓘ |
| 2026 Preliminary Preliminary | 2026 Certified Certified | Change | |
|---|---|---|---|
| Market Value | $121,907,004 | $121,907,004 | +0 (+0.0%) |
| Taxable Value | $25,782,536 | $25,782,536 | +0 (+0.0%) |
| Year | Market Value | Land Value | Imprv Value | Value Limitation Adj (−) | Net Appraised (Assessed) | Taxable Value | Total Tax | Source |
|---|---|---|---|---|---|---|---|---|
| 2026 | $121,907,004 | $24,822,496 | $74,424,440 | — | $121,907,004 | $25,782,536 | Not yet — post-cert | Certified — no billing yet |
| 2025 | $57,477,000 | $34,122,508 | $106,492 | — | $57,477,000 | $23,248,000 | ~$475,767 | Partial |
| 2024 | $23,211,477 | — | — | — | — | $— | $530,219 | Verified |
| 2023 | $32,288,864 | — | — | — | — | $— | $419,953 | Verified |
| 2022 | $28,699,394 | — | — | — | — | $— | $637,680 | Verified |
| 2021 | $29,208,053 | — | — | −$27,914,000 | $1,294,053 | $— | $652,861 | Verified |
| Year | MktVal YoY | Assessed YoY | Asmt Ratio | Eff. Tax Rate | Coverage |
|---|---|---|---|---|---|
| 2026 | +4.1% | +4.1% | ~100% | Not available | Partial |
| 2025 | -13.1% | -13.1% | ~100% | Not available | Partial |
| 2024 | +15.3% | +15.3% | ~100% | 1.8100% | Verified |
| 2023 | -28.1% | -28.1% | ~100% | 1.6800% | Verified |
| 2022 | +12.5% | +12.5% | ~100% | 1.8700% | Verified |
| 2021 | base year | — | ~100% | 2.2400% | Verified |
| Cumulative market value growth (earliest valid year → 2025): -19.0% | |||||
| 12 Month | Hist. Avg | Forecast Avg | Peak | When | Trough | When | |
|---|---|---|---|---|---|---|---|
| Market Value Growth | +112.1% | +48.5% | +5.9% | +147.6% | 2025 | -28.1% | 2024 |
| Assessment Ratio | 100.0% | 68.1% | — | 100.0% | 2025 | 4.4% | 2021 |
| Effective Tax Rate (2025) | 2.0500% | 2.0500% | — | 2.0500% | 2025 | 2.0500% | 2025 |
|
Tax Amount
⚑ 2025 total is a derived or partial figure, not independently confirmed |
$475,767 | $543,296 | ~$1,499,706 | $652,861 | 2021 | $419,953 | 2023 |
| Year | ~Mkt Value | ~Assessed | ~Rate | ~Ann. Tax | Value Δ |
|---|---|---|---|---|---|
| 2026 | ~$68,075,676 | ~$63,224,700 | ~2.0139% | ~$1,273,305 | +18.4% |
| 2027 | ~$80,628,733 | ~$69,547,170 | ~1.9814% | ~$1,377,999 | +40.3% |
| 2028 | ~$95,496,555 | ~$76,501,887 | ~1.9488% | ~$1,490,899 | +66.1% |
| 2029 | ~$113,105,982 | ~$84,152,076 | ~1.9163% | ~$1,612,599 | +96.8% |
| 2030 | ~$133,962,563 | ~$92,567,283 | ~1.8837% | ~$1,743,729 | +133.1% |
| 2026 | ~$66,926,136 | ~$63,224,700 | ~2.0465% | ~$1,293,884 | +16.4% |
| 2027 | ~$77,928,697 | ~$69,547,170 | ~2.0465% | ~$1,423,272 | +35.6% |
| 2028 | ~$90,740,062 | ~$76,501,887 | ~2.0465% | ~$1,565,600 | +57.9% |
| 2029 | ~$105,657,598 | ~$84,152,076 | ~2.0465% | ~$1,722,160 | +83.8% |
| 2030 | ~$123,027,555 | ~$92,567,283 | ~2.0465% | ~$1,894,376 | +114.0% |
| 2026 | ~$69,225,216 | ~$63,224,700 | ~1.9977% | ~$1,263,016 | +20.4% |
| 2027 | ~$83,374,751 | ~$69,547,170 | ~1.9488% | ~$1,355,363 | +45.1% |
| 2028 | ~$100,416,430 | ~$76,501,887 | ~1.9000% | ~$1,453,549 | +74.7% |
| 2029 | ~$120,941,403 | ~$84,152,076 | ~1.8512% | ~$1,557,818 | +110.4% |
| 2030 | ~$145,661,652 | ~$92,567,283 | ~1.8024% | ~$1,668,406 | +153.4% |
In 2025, this property's market value of $57,477,000 places it in the top 25% for Commercial properties in Travis County (13608 comparable) — 41× the county median of $1,417,484. Commercial here is the broad TCAD category — every commercial property countywide, any size or use — not a use-code-specific peer group. Use the Use Code filter above to narrow to this property's actual type.
| Year | This Property | Bottom 25% | Median | Top 25% | Position | Group YoY |
|---|---|---|---|---|---|---|
| 2025 | $57,477,000 | $649,268 | $1,417,484 | $3,347,260 | ↑ Top 25% | -0.8% |
| 2024 | $23,211,477 | $661,016 | $1,438,465 | $3,471,171 | ↑ Top 25% | +0.0% |
| 2023 | $32,288,864 | $667,828 | $1,414,358 | $3,374,900 | ↑ Top 25% | +9.7% |
| 2022 | $28,699,394 | $553,066 | $1,215,730 | $2,939,150 | ↑ Top 25% | +3.3% |
| 2021 | $29,208,053 | $517,750 | $1,142,600 | $2,780,453 | ↑ Top 25% | base yr |
Estimate only. The appraisal district sets value as of Jan 1 (not at sale price). A sale is strong evidence of market value and is typically reflected in the next Jan 1 valuation. Taxing units set rates annually. Modeled from government data — not a legal or tax opinion.